Consider the Following Limit Order Book of a Specialist

question 29

Multiple Choice

Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled?

• A) $39.75
• B) $40.25
• C) $40.375
• D) $40.25 or less

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Definitions:

Interrogator

A person, often associated with law enforcement or military, tasked with questioning individuals to obtain information, confessions, or intelligence.

Nine-Step Process

A structured approach or methodology that involves nine distinct steps or stages to achieve a particular goal or solve a problem.

Mentally Ill Persons

Individuals experiencing mental disorder(s) that significantly affect their ability to function in daily life, ranging from chronic mental illnesses to temporary conditions.

Perceived

Recognized or understood in a certain way by the mind.